What’s the difference between good and bad debt? When do you want to prepay a loan? Should your investment strategy be the same for an investment property and a property you live at (your home)? What is a good interest rate? When should you take out loans? Let best-selling author Kim Butler and co-host Todd Strobel walk you through the answers to these questions and more on this episode of the Prosperity Podcast.
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0:40 The Idea of Good Debt Versus Bad Debt
1:03 When to Prepay?
3:56 Is My Strategy the Same for an Investment Property and My Home?
8:50 Pay Attention to Your Interest Rates
9:52 Paying for Your Children’s Education Versus Using a Student Loan
12:11 Other Debt Factors to Consider